China Has Hidden the Magnitude of the Coronavirus Outbreak in its Country

The Chinese branch of food and food company Unilever is one of the companies that can get a cheap loan because of the coronavirus.


The British news agency Reuters reports that documents about this were available. Chinese banks offer those loans to help companies that may suffer from the disease outbreak. The Chinese government made money possible for this.

Not only the Dutch-British company is available, other large companies such as the American industrial conglomerate 3M can also receive such a loan.

The loans, which are intended to limit the negative impact of the coronavirus on businesses, are provided at low-interest rates. Beijing has set aside billions of euros for the scheme.

It is not clear whether Unilever and other companies will apply for a loan. Banks in the Shanghai financial centre have received lists of eligible companies.

Since the outbreak of the virus, public life in large part of China has stopped, which means that little is bought and sold. Companies also have to deal with employees who cannot return to work after the Chinese New Year holidays because of the virus outbreak.

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